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Bullboard - Stock Discussion Forum Roxgold Inc. T.ROXG

Roxgold Inc is a Canadian gold mining company. It is engaged in acquiring and exploring mineral properties. The company has two reportable segments; Mining operations and Exploration and evaluation of mineral properties, located in Burkina Faso. Its key asset is the Yaramoko Gold Mine, located in the Hounde greenstone belt of Burkina Faso, West Africa, and Seguela Gold Project located in Cote d... see more

TSX:ROXG - Post Discussion

Roxgold Inc. > Roxgold financials should be good on August 14th
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Post by challenger426 on Jul 23, 2018 5:48pm

Roxgold financials should be good on August 14th

Early report just out....Roxgold Reports Strong Second Quarter Production Results

Looks great, should reach upper half production or possibly surpass it.  If they can keep their AISC between $740 and $790/oz, they will make some impressive profits

Highlights:

  • 5.1 million hours worked Lost Time Injury ("LTI") free at Yaramoko
  • 35,828 ounces of gold produced in Q2
  • 76,280 ounces produced at Yaramoko in H1 2018 which puts the Company in a strong position to achieve the upper end of its increased guidance range of 120,000 – 130,000 ounces for the full 2018 year
  • Record quarterly processing throughput of 75,417 tonnes - 12% above nameplate capacity
  • Approval of the Bagassi South Mining decree by the Burkina Faso Council of Ministers
  • Construction works at Bagassi South continue on schedule and remains on track for delivery of first ore in late Q4 2018
  • Four drill rigs are currently operating at Yaramoko targeting extensions to the 55 Zone, Bagassi South and targets in the regional package

At the end of the quarter, ROM stocks of 45,877 tonnes at 12.17 g/t Au had been established representing approximately two months of plant feed.

   

Q2 2018

Q2 2017

H1 2018

H1 2017

Total Development (metres)

 

1,124

2,085

2,561

3,825

Ore mined (tonnes)

 

86,831

66,044

175,438

135,281

Ore processed (tonnes)

 

75,417

65,159

146,993

129,114

Head grade (g/t)

 

14.4

12.8

15.6

15.4

Recovery (%)

 

98.8

99.0

98.8

99.2

Gold ounces produced

 

35,828

27,970

76,280

63,564

Comment by Oilman36 on Jul 25, 2018 9:13am
anyone else notice how much emphasis they put on the new CFO's merger and acquisitions experience in the recent NR...
Comment by davwal on Jul 29, 2018 6:32pm
doesnt much matter how good they are.( unless they are stellar) With that many shares on the market,good luck to you all,me included.unfortunately!